Fifty-six loft-style apartments are coming to Atlantic City.
The board of the Casino Reinvestment Development Authority on Tuesday approved a plan by Philadelphia-based developer Odin Properties to convert an existing office building at the intersection of New York Avenue and Atlantic Avenue into a multifamily project.
Odin plans to convert the offices on the second through eighth floors into units, ranging from 350 square feet to 900 square feet, as well as add a roof deck. The units will include:
- 7 efficiencies;
- 28 one-bedrooms;
- 21 two-bedrooms.
Justin Kaplan, Odin’s director of development, told the Press that rental rates will range from approximately $1,300 to $1,900.
The building will maintain its current retail spaces on the ground floor.